Q2 2017 Earnings Forecast for Taubman Centers, Inc. (TCO) Issued By KeyCorp

Taubman Centers, Inc. (NYSE:TCO) – Research analysts at KeyCorp dropped their Q2 2017 earnings per share estimates for shares of Taubman Centers in a report issued on Sunday. KeyCorp analyst T. Thomas now forecasts that the firm will earn $0.81 per share for the quarter, down from their previous estimate of $0.85.

Other equities research analysts have also recently issued research reports about the stock. Goldman Sachs Group, Inc. (The) cut shares of Taubman Centers from a “buy” rating to a “neutral” rating and reduced their target price for the company from $81.00 to $77.00 in a research report on Wednesday, January 11th. TheStreet cut shares of Taubman Centers from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Zacks Investment Research raised shares of Taubman Centers from a “sell” rating to a “hold” rating in a research report on Tuesday. Mizuho reissued a “buy” rating on shares of Taubman Centers in a research report on Friday, December 23rd. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating on shares of Taubman Centers in a research report on Tuesday, December 20th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $81.38.

Earnings History and Estimates for Taubman Centers (NYSE:TCO)

“Q2 2017 Earnings Forecast for Taubman Centers, Inc. (TCO) Issued By KeyCorp” was first posted by sleekmoney and is the property of of sleekmoney. If you are reading this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright law. The original version of this report can be read at http://sleekmoney.com/q2-2017-earnings-forecast-for-taubman-centers-inc-tco-issued-by-keycorp/1662232.html.

Shares of Taubman Centers (NYSE:TCO) opened at 68.43 on Wednesday. The firm has a PE ratio of 31.68. The firm has a 50-day moving average of $71.87 and a 200 day moving average of $73.94. Taubman Centers has a 52-week low of $67.22 and a 52-week high of $81.68.

Taubman Centers (NYSE:TCO) last posted its quarterly earnings data on Thursday, February 9th. The real estate investment trust reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.61. The firm earned $166.19 million during the quarter, compared to analysts’ expectations of $160.88 million. Taubman Centers had a net margin of 18.48% and a negative return on equity of 618.56%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 EPS.

In other Taubman Centers news, Director Craig M. Hatkoff sold 2,400 shares of the business’s stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of $72.78, for a total transaction of $174,672.00. Following the completion of the transaction, the director now owns 4,839 shares of the company’s stock, valued at $352,182.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 31.20% of the stock is currently owned by insiders.

“Q2 2017 Earnings Forecast for Taubman Centers, Inc. (TCO) Issued By KeyCorp” was first posted by sleekmoney and is the property of of sleekmoney. If you are reading this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright law. The original version of this report can be read at http://sleekmoney.com/q2-2017-earnings-forecast-for-taubman-centers-inc-tco-issued-by-keycorp/1662232.html.

A number of hedge funds and other institutional investors have recently modified their holdings of TCO. BlackRock Fund Advisors increased its position in shares of Taubman Centers by 4.4% in the third quarter. BlackRock Fund Advisors now owns 2,524,458 shares of the real estate investment trust’s stock valued at $187,845,000 after buying an additional 106,502 shares during the last quarter. Citigroup Inc. increased its position in Taubman Centers by 0.4% in the second quarter. Citigroup Inc. now owns 2,066,197 shares of the real estate investment trust’s stock valued at $153,312,000 after buying an additional 8,606 shares in the last quarter. FMR LLC increased its position in Taubman Centers by 36.3% in the fourth quarter. FMR LLC now owns 1,900,849 shares of the real estate investment trust’s stock valued at $140,530,000 after buying an additional 506,061 shares in the last quarter. AEW Capital Management L P increased its position in Taubman Centers by 6.9% in the third quarter. AEW Capital Management L P now owns 1,574,019 shares of the real estate investment trust’s stock valued at $117,123,000 after buying an additional 102,100 shares in the last quarter. Finally, Shinko Asset Management Co. Ltd. increased its position in Taubman Centers by 12.3% in the third quarter. Shinko Asset Management Co. Ltd. now owns 1,572,123 shares of the real estate investment trust’s stock valued at $116,982,000 after buying an additional 171,894 shares in the last quarter. 99.87% of the stock is owned by hedge funds and other institutional investors.

Taubman Centers Company Profile

Taubman Centers, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company’s segment is focused on owning, developing and managing regional shopping centers. The Taubman Realty Group Limited Partnership (TRG) is a partnership subsidiary of the Company that owns direct or indirect interests in all of its real estate properties.

5 Day Chart for NYSE:TCO

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